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20121008
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CNBC
Oct 8, 2012 7:00pm EDT
energy earnings in this particular season. energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're not fooling cor
CNBC
Oct 8, 2012 3:00pm EDT
friday. and a handful came from the energy and utility sectors. jackie joins us with those details. >> good afternoon. before we get to the names, i want to take a look at broader performance in energy and utilities because the story we see there is a tale of two sectors, if you pardon the pun. s&p 500 energy sector, up roughly 11% in the last three months, outperforming the broader index and second best performing sector overall. the utilities have been flat and are the worst performer for the time period. having said that, one of the standout performers that has bucked the trend in the utility sector has been one oak, investors liking this utility company because of the 33 cent dividend and projecting a dividend increase next year and a company with potential for growth. energy, dow components, chevron and exxonmobil have had stellar performance as of late. chevron hittingen all-time high in september. finally, cabot oil and gas, trading at all-time highs not seen since ipo in 1990. these are some names to watch. you know what, analysts out there saying they're not overbought at
CNBC
Oct 8, 2012 12:00pm EDT
of that is energy and materials. the expectations here, eps growth, sharp contraction, 15% to 25%. even on a weak take, further weakness i don't want to buy them. >> expectations couldn't be any lower going into earnings season. what happens if we surprise to the upside. >> i think that expectations are low. i do think people expect that numbers for 4 kansas g and 2013 will come down. there's no question in my mind. this has been a very hated rally and i think if we see better than expected numbers from any of the companies this week we go a lot higher. alcoa particularly is very interesting because of their subsegment, auto, aero, packaging, truck, all of these are very, very important data points we'll get tomorrow and i think -- kyle does an amazing job of giving detail. that's the conference call you want to listen to. >> alcoa set the tone for this past earning season, came in better than expected, earnings ended up being pretty strong. so it really does have a huge impact, guys, simon baker how do you read this >> i was listening to steve. hit it just past the women's team.
CNBC
Oct 8, 2012 5:00pm EDT
. stay tuned. lots more fast, straight ahead. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> a lot of techs have done well. google and amazon trading at highs. ibm doing well. apple was over $700 three weeks ago. as i pick through the stocks, particularly good run, a couple of theme also jump out at me, mobile and big data, the companies that managed to tap into one or both of those part of their growth story doing particularly well. here are a couple of the less obvious names i note near highs. tara data for storage, crown castle for wireless, accenture for consulting, need more of those services when you have cloud and mobile forcing companies to change the way they approach i.it.. north america and asia a
CNBC
Oct 8, 2012 2:00pm EDT
, we'll take a look at some of the standouts in the energy and utilities sector. now it will be really interesting to see what happens to health care stocks post the election. >> they have been soaring. it is an excellent report but i have to correct you on something. can you not say fat dividend. it is obese or overweight dividend. it is not politically correct. seema, thank you. >>> eyeing a monopoly. we were fascinated by the "60 minutes" piece on how just one company makes nearly every single pair of glasses on planet earth. can anybody else compete? we're going to speak with a guy trying to compete. >>> but up next, why this ad may be breaking facebook's social mission. it is an interesting story. stick around. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready
CNBC
Oct 8, 2012 9:00am EDT
expansion camp, you want financials, energy, materials. in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along the pa
CNBC
Oct 8, 2012 4:00am EDT
, surprise, we have a strike in france in centering. trade energy sector to hold 24 hour strike in the energy sector from 19:00. 21:00 cet. >>> coming up next, bae major shareholder throws something in the works. we'll have the details. >>> world bank has slashed its growth outlook for china and developing asia. the british chancellor has told cnbc the uk is getting it it right when it comes to tackling debt and will announce more spending cuts within the hour. plus the b chlt e aae and eads on on a knife edge. bigger shareholder opposes the deal. and we'll talk about that now. bae biggest shareholder invesco has said it has significant reservations about a tie up with the eads. it cited concerns the merger could backen bae's position in the united states. over the weekend, phillip hammond said it could veto any planned merger. hammond said the uk will block the deal if the french or german governments have too much of a controlling stake in the new firm. joining us for more is patricia in frankfurt. significant really, more likely to get done or more likely not? >> at the moment it se
Search Results 0 to 6 of about 7